Cipher Mining Inc Nasdaq: CIFR received $ 50 million of investment from Softbank, which she said would help her build more databases in the United States.
The Japanese investment company has bought more than 10 million shares to become an “important major investor” in CIFR today.
In addition, Bitcoin workers signed an exclusive one -month agreement with Softbank this morning, which is disrupted by the sale of Barber Lake to another party.
The blade mining shares rose 30 % in the aftermath of the news on Friday.
What does Softbank investment mean for CIFR
CIFR believes that the new investment is the back wind of the HPC data center development work.
High -performance computing centers are specialized facilities designed to deal with intense calculations that require huge treatment force. According to Tyler Big Company CEO:
This investment comes in a pivotal moment in the CIPHER growth path, where we continue to draw attention to the website pipeline and innovative solutions in industrial data centers.
Ultimately, the company listed on the Nasdaq Stock Exchange wants to put itself as a leader in HPC systems.
Despite the sharp increase this morning, sheep mining stocks that currently do not pay profits less than 20 % against its height in mid -December.
Is it too late to invest in blades mining shares?
Softbank News has made JPMorgan analysts emphasize the “weight gain” classification on CIFR.
While $ 50 million may not be of great importance in the context of HPC databases, the investment “could be a sign of the coming things”, they noticed in a research note on Friday.
Simply put, investing in the Japanese company indicates a broader interest in emerging technology and this makes having blades mining shares an exciting investment suggestion at the current levels.
The news just days after Deepseek has launched a new model of open source artificial intelligence that claims to be stronger than any other LLM there and requires much lower resources for construction and work.
The Chinese starting announcement sparked sharp sale in American Bitcoin mining shares.
How did the blades do in the last quarter of the reported
According to Jpmorgan, the SoftBank deal “checks the continued demand and interest in large sites with energy agreements.”
The investment company remains optimistic about the CIFR shares, although the company reported not encouraging financial results for the third quarter in early November.
CIPHER mining has seen its revenues of $ 24 million in the third quarter-a decrease of about 21 % on an annual basis with the expansion of the net loss by 390 %.
At that time, CEO Tyler Beige told investors:
We have created a way to become one of the largest data center developers by completing the purchase of options to acquire three new sites.
Note that at some point last year, it was reported that CIFR is considering the sale after receiving a acquisition offer.
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